A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Argentina
Step 1 – Signup to CEX.io In the beginning you'll need to purchase units of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below for registration and receive your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Funds to an Crypto Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this how-to) Make sure you've selected the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Locate (WBTC) Wrapped Bitcoin As soon as your deposit has been confirmed, you will now have access to your funds and you can start purchasing and trading. To invest in (WBTC) Wrapped Bitcoin on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. To locate Wrapped Bitcoin (WBTC), you'll need to put the cointype (WBTC) into the search-box, which is marked in the image. Be certain of having selected the right pairing, we've marked this too. Click on “WBTC/BTC” to progress.
Step 4 – Buying (WBTC) Wrapped Bitcoin After you've spotted (WBTC) Wrapped Bitcoin, you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). And now we're going to create our own Limit Order. The field with the “Price” tag will be filled with the most latest tariff Wrapped Bitcoin (WBTC) was sold for. This can be changed to your desired rate. The “Amount” field is the amount of WBTC you wish to buy. The field with the “Total” tag is the total price in BTC that you'll pay for the complete volumen of WBTC. If you are satisfied, click on “Buy WBTC”. Your order will be filled as soon as a Seller sells their WBTC for the price you introduced.
Step 5 – Withdraw Wrapped Bitcoin (WBTC) Unless you are trading, never keep your crypto on an Exchange for an extended period of time. To take off your Wrapped Bitcoin (WBTC), go to the “Funds” tab and mouse click on “Withdraw”. Wrapped Bitcoin (WBTC) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Wrapped Bitcoin (WBTC) by using the provided drop-down box. Put into the quantity of Wrapped Bitcoin (WBTC) you'd wish to take off. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address. When you are happy, make a mouse click on “Submit”. You could be requested for email/phone verification before a withdrawal.